USD CHF attempts positively – Analysis - 26/08/2015
Economies.com
2015-08-26 04:58AM UTC
The USDCHF pair traded with clear positivity yesterday to retest 61.8% Fibonacci that was broken previously to turn into resistance now at 0.9440, as the price kept its stability below this level, which keeps the negative scenario valid until now, supported by the negative signal that appears clearly on stochastic.
The first target is represented by breaking 0.9330 level to confirm opening the way to visit the recently recorded low at 0.9155, noting that breaching 0.9440 will open the way to stop the current negative pressure and push the price to regain the bullish trend.
Expected trading range for today is between 0.9300 support and 0.9525 resistance.
Expected trend for today: Bearish
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